Wealth

Chapter 432 High-level Concerns

At the end of 1996, the stock market plummeted, and angry stockholders smashed the People's Day.

There is no bull market or bear market in the stock market of a strange country. It is a pig (Zhu) market. Boss Zhu seemed very calm about this, so don't scold people with dirty words!

Reform is the adjustment of interests. If there are fewer interests, you will curse people if you have leisure. Those who have a lot of benefits, it is too late to make money and count the money, and there is no time to say thank you.

For the whole year, gdp grew by 9.6%. The national economy has successfully achieved softening6, which not only suppressed inflation, but also maintained rapid economic growth. Foreigners know the way. They were so scared that China had to pass this peril, thinking that Boss Zhu really deserved the Nobel Prize in Economics.

It was also in this year that the country's steel output finally broke through the 100 million tons mark and became the world's largest.

At this time, the US economy was not called the new economy. Since the 1970s, Keynesian theory has failed, and the stagflation problem of high inflation and low growth has been plagued by governments in various countries.

Therefore, China’s economic softness 6 has been highly praised internationally. In China, very few people in economics circles question softness 6 and the domestic economics circle has been jokingly said that ten people can come up with eleven claims.

Since 1993, the Chinese economy has been like a thin pony, dragging a large cart to speed under the effect of stimulants. If it does not stop as soon as possible, once the strength of the medicine is over, it will crash with the horse and the cart. fall.

But how can we not only let this: the thin horse stops without myocardial infarction, the domestic leaders have no successful experience, but the lesson of failure is just around the corner. The governance rectification that began at the end of the eight years has certainly made the inflation rate from 18%. Eight has dropped to 3.1% of the 1990 level, but the economic growth rate has also fallen from 11.3% to 3.8%.

The three-year inflation rate was 14.7%, which has approached the highest record in 1988. The common people once again sprouted the urge to buy goods, and the phenomenon of storing US dollars, gold and high-quality durable consumer goods is becoming more and more common.

The car was already severely stepped on in the second half of 1993. But the situation in 1994 looks even worse. The gdp growth rate dropped by one point. The inflation rate has risen by more than six points to 24%. Refresh the record in one fell swoop.

The old method of ordering is certainly effective. But it hurts the muscles and bones, but it only works for a while. Boss Zhu decided to use market means to control the economy. He summed up the experience of the economic boom in the 1980s and tried to control the bubble economy. It is necessary to keep the economy growing sufficiently, so a soft 6 has become his clear local needle.

The so-called soft move 6. That is, the economy should not drop suddenly. Regulation should be carried out gradually. Why was inflation worse in 1994 than in 1993? Because this is the way of soft landing. It won't be immediate. Inflation will continue for a while, and the trend of heating has been eased.

Currency tightening has completely cut off speculation and real estate bubbles. However, guarantees are also given to basic production, especially normal production in the western part of the poverty-stricken areas. Macro-control has returned funds concentrated in the coastal areas to the original place. This approach reduces inflation and maintains the necessary economic growth.

At that time, prices fell and corporate liquidity was tight, and investment fell at the same time. As a result, the differences in the economic circle became obvious. Wu Jing~ and Liu Guoguang, as the representative economists, advocated continuing to tighten. Another group of economists represented by Li Yining and Dong Fu believed that the economy was already cold. Advocate loosening money. Others have proposed to expand infrastructure investment to stimulate demand. Boss Zhu's opinion is to prevent overheating. He also publicly criticized Li Yining. Propose to continue to be moderately tight. Prevent overheating and prevent inflation from resurgence.

The results of the soft landing are obvious to all. Of course, there are also regrets for local problems. For example, the food issue has not been dealt with properly. As a result of the reform of the fiscal and taxation system, the Darfur region has benefited more. The financial situation of underdeveloped areas has deteriorated. Finance is too concentrated. Financial instruments are too deadly collected. Private finance is completely shut down. Rural finance is obviously overcorrected. In addition, the commercialization reform of state-owned banks is correct. But the reform of state-owned enterprises has not kept up. So I had to talk to state-owned enterprises on loans. This has discounted bank reforms.

At the Christmas company party at the end of 1996, Fan Wubing summarized the work of the Fan Investment Group. He believed that the income this year was gratifying, the development was gratifying, the expansion was gratifying, and the assets of the entire group The relatively large growth has become the biggest winner of the domestic economic adjustment in 1996.

Although the financial policy has been tightened, many companies have been affected and the pace of development has been forced to stop, but it is good news for Fan Investment Group. Fan Wuyi lacks funds most, so he has been A large amount of domestic investment has been increased, and its subsidiaries have also expanded in depth, investing more than 20 billion in exhibition funds in a year.

With the vigorous development of enterprises, the rapid growth of the group's gross profit

The profit of over 40 billion yuan, this only refers to domestic enterprises.

Fan Investment Group has grown into a giant of domestic private enterprises in just a few years.

After Fan Wuyi returned to China in 1991, the five-year Chinese economic rush to make the 6th battle was finally successful.

During this period, Qin Rushan, the boss of Hong Kong Minghui Industrial, came to see Fan Wuyi a dozen times in private to arrange matters related to entering the Hong Kong stock market. During the six months, Fan Wuyi continued to invest tens of billions of dollars in capital. The Hong Kong stock market and futures market have been purchased, and some high-quality real estates have been purchased to operate.

The source of this batch of funds is to enter the Hong Kong market from abroad, so the domestic side is not much, but Qin Rushan's meeting with Fan Wuyi so intensively finally attracted the attention of relevant parties.

Therefore, after many days of not seeing the Minister of Security, Jiang Lue, he finally found Shang Fan without illness.

Fan Wubing received Jiang Lue and his subordinates at the headquarters of his company. After serving the tea, Fan Wubing asked, "Obviously, it's not okay for the minister to visit our company, right?"

"Get me something to eat first, what's the best use of tea?" Jiang Lue and Fan Wuyi didn't see each other, so they just wanted to eat.

"Isn't it? As a leading cadre, there is a reason for the people to eat? If this is let the Central Discipline Inspection Commission know, you will keep your position?!" Although Fan Wubing said with a smile, he ordered people to go. A banquet is arranged.

"The Commission for Discipline Inspection can't control us." Jiang Lue snorted.

Although the Ministry of Security is just an organization established by ordinary ministries, but the power is a bit jealous. The Central Discipline Inspection Commission and their powers overlap, but they are generally parallel to each other. Therefore, Jiang Lue is not a bird of the Central Commission for Discipline Inspection. People.

The food and drinks are here. Now Fan Investment Group has its own special hotel, which is very convenient for eating.

Jiang Lue greeted his people to start eating, and then said to Fan Wuyao who was watching them eating, "Are you getting close to Qin Rushan recently?"

"Doing business, of course there are contacts and contacts--" Fan Wuyao replied nonchalantly.

"It's not just about doing business, isn't it?" Jiang Lue used chopsticks to pull the red oil eel, questioning very suspiciously, "We think you are injecting a lot of capital into the Hong Kong stock market. Who is Qin Rushan? He is in the Hong Kong stock market. We know about this situation for those who started fighting."

Fan Wuyin nodded and said, "So what? Hong Kong is a free port, and the flow of funds is unconstrained. To put it bluntly, the stock market is an open casino, and those of us are gamblers. Can we afford to open a bank and just wait? Are you uncomfortable?"

"The guest is bullying the host, and the senior management is worried that you will scare others." Jiang Lue stated the purpose of the trip.

Fan Wubing smiled, and said that tens of billions of dollars of funds suddenly poured into the Hong Kong stock market, which would naturally cause some storms. Fortunately, Qin Rushan was still doing things calmly at this time, and it took more than half a year to get this. More than tens of billions of dollars were spent and scattered, but it didn't seem to be very eye-catching.

However, Qin Rushan flew to the mainland one by one, obviously drew the attention of the Hong Kong government and the mainland government. Following the vines, it is naturally not difficult to find Fan Wuyi behind the scenes.

The Hong Kong Monetary Authority also has its own considerations. Although the British are leaving, the prosperity and stability of Hong Kong must be maintained. This is not only the wishes of the majority of Hong Kong people, but also the wishes of major families and consortia in Hong Kong. Therefore, if there is any trouble in the stock market, everyone's sensitive nerves become tense.

In particular, all the major families are eye-catching with the mainland government, and there must be some private activities to do. Everyone mentioned that to maintain the prosperity and stability of the Hong Kong market, in fact, it is to ensure that after 1997~www.wuxiamtl.com~ each The interests of the country can continue to be recognized and stabilized.

At this time, Fan Wubing stepped in suddenly, and even the local consortia in Hong Kong were surprised by such a large amount of funds.

Although they could not provoke Fan Wuyao, it should be more pragmatic to pass the news to Fan Wuyao through high-level mainland officials. Therefore, Jiang Lue’s visit this time actually represents the opinions of the high-level people. I hope Fan Wuyao will learn from the Hong Kong stock market. Get out of it.

"The high-level people mean that Hong Kong people rule Hong Kong, and I hope you don't slam into it." Jiang Lue said to Fan Wuyao.

Fan Wubing touched his forehead, then said, "This is too irresponsible.

The four words Hong Kong people ruling Hong Kong are not a panacea and cannot be used everywhere. "

Regarding this point, Fan Wubing feels very upset. Even if your major families in Hong Kong want to carve up the economic sphere of influence in Hong Kong after the reunification, at least the British are in charge now? At this time, the mainland government is used to suppress me, afraid that my mood is not good enough?

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